BREwmaster said:

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mrad85 said:

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Dang the WWR train has left the station

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Atlas boys still pumping it, don't be surprised to see $7 soon.

Get your CC sells ready boys! Feb 7.50's?

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Went $10s for the safety outside the channel, won't need to watch hard w work busy this week

I trimmed $PLTR into the run up on the Feb 30c and just rebought back what I sold here.

$30,000 Millionaire said:

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McInnis 03 said:

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$30K, you thinking iron on NFLX for earnings tonight? You can sell 10 wide condors 540/550 460/450 for $2.70+ right now.

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no, but only because it's Tuesday. Are you going to do it?

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Locked in now.

htown12 said:

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You shouldnt need margin if you're selling covered calls because you own the shares. Worst case it hits the strike and they'll get called away from you.

If you're selling naked puts though there will be an option collateral needed and yes I tend to use margin on those.

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That's what I thought but in Fidelity I choose "Sell to Open" and I get the following trade error message "Your order will leave your account with uncovered option position in cash."

CrazyRichAggie said:

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htown12 said:

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You shouldnt need margin if you're selling covered calls because you own the shares. Worst case it hits the strike and they'll get called away from you.

If you're selling naked puts though there will be an option collateral needed and yes I tend to use margin on those.

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That's what I thought but in Fidelity I choose "Sell to Open" and I get the following trade error message "Your order will leave your account with uncovered option position in cash."

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Are you selecting the 'Put' side accidentally?

FJ43 said:

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CrazyRichAggie said:

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htown12 said:

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You shouldnt need margin if you're selling covered calls because you own the shares. Worst case it hits the strike and they'll get called away from you.

If you're selling naked puts though there will be an option collateral needed and yes I tend to use margin on those.

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That's what I thought but in Fidelity I choose "Sell to Open" and I get the following trade error message "Your order will leave your account with uncovered option position in cash."

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Are you selecting the 'Put' side accidentally?

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Nope. Just tried it again and double checked I clicked the right one.

FJ43 said:

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CrazyRichAggie said:

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htown12 said:

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You shouldnt need margin if you're selling covered calls because you own the shares. Worst case it hits the strike and they'll get called away from you.

If you're selling naked puts though there will be an option collateral needed and yes I tend to use margin on those.

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That's what I thought but in Fidelity I choose "Sell to Open" and I get the following trade error message "Your order will leave your account with uncovered option position in cash."

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Are you selecting the 'Put' side accidentally?

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Maybe some open GTC orders on those same shares?

Esteban du Plantier said:

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FJ43 said:

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CrazyRichAggie said:

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htown12 said:

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You shouldnt need margin if you're selling covered calls because you own the shares. Worst case it hits the strike and they'll get called away from you.

If you're selling naked puts though there will be an option collateral needed and yes I tend to use margin on those.

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That's what I thought but in Fidelity I choose "Sell to Open" and I get the following trade error message "Your order will leave your account with uncovered option position in cash."

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Are you selecting the 'Put' side accidentally?

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Maybe some open GTC orders on those same shares?

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Yep that could be it also.

Esteban du Plantier said:

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FJ43 said:

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CrazyRichAggie said:

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htown12 said:

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You shouldnt need margin if you're selling covered calls because you own the shares. Worst case it hits the strike and they'll get called away from you.

If you're selling naked puts though there will be an option collateral needed and yes I tend to use margin on those.

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That's what I thought but in Fidelity I choose "Sell to Open" and I get the following trade error message "Your order will leave your account with uncovered option position in cash."

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Are you selecting the 'Put' side accidentally?

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Maybe some open GTC orders on those same shares?

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No open orders

Are you sure you have enough shares to cover the number of contracts? (contracts X 100)

Anyone point out that $2.2MM call spread buy on LVS for Mar21 on the 55C/62.5C?

AMC leaps still cookin and we love to see it. I'm gonna wait till only need to sell less than 50% for net free. So much time

CrazyRichAggie said:

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Esteban du Plantier said:

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FJ43 said:

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CrazyRichAggie said:

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htown12 said:

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You shouldnt need margin if you're selling covered calls because you own the shares. Worst case it hits the strike and they'll get called away from you.

If you're selling naked puts though there will be an option collateral needed and yes I tend to use margin on those.

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That's what I thought but in Fidelity I choose "Sell to Open" and I get the following trade error message "Your order will leave your account with uncovered option position in cash."

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Are you selecting the 'Put' side accidentally?

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Maybe some open GTC orders on those same shares?

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No open orders

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Do you have several accounts at fidelity and the shares are in one account and you are trying to sell calls in a different account (maybe fidelity selected the wrong account when you went to the trade order screen). It did that for me one time

Cloud said:

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Are you sure you have enough shares to cover the number of contracts? (contracts X 100)

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Yep, I have 800 shares. I even tried 1 contract and got the same message. If I select margin it will let me execute the trade.

Does anyone use the stock screener feature on Fidelity to identify low cost, high volume stocks? If so, find anything interesting?

CrazyRichAggie said:

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Cloud said:

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Are you sure you have enough shares to cover the number of contracts? (contracts X 100)

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Yep, I have 800 shares. I even tried 1 contract and got the same message. If I select margin it will let me execute the trade.

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I would call as that doesn't sound correct.

Seems like someone else on the forum was complaining about that last week, the cc's not getting placed against owned shares.

CrazyRichAggie said:

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Cloud said:

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Are you sure you have enough shares to cover the number of contracts? (contracts X 100)

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Yep, I have 800 shares. I even tried 1 contract and got the same message. If I select margin it will let me execute the trade.

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Make sure you don't have stop losses in place on those shares as I think that makes it go funky

I'm a high school teacher, so trading during the day is difficult and I try to get most of my stuff done during my off period 8:45-9:30. Well went to sell some covered call in my Vanguard Roth on WWR and it said I must call them to do that. SMH. Vanguard is the worst.

Got some $10 covered calls filled on WWR but none on the 7.5cc for Feb. Will look to get those filled on hopefully another spike

CastleRock said:

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BREwmaster said:

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mrad85 said:

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Dang the WWR train has left the station

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Atlas boys still pumping it, don't be surprised to see $7 soon.

Get your CC sells ready boys! Feb 7.50's?

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This is exhiliarating

Are we trimming at all?

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I don't think anyone is trimming. Some might be buying and selling within the channel but I'm not risking it. Most are just selling cc's on the upticks to capture premium with the plan to roll them if it continues to climb.

Mr President Elect said:

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CastleRock said:

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BREwmaster said:

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mrad85 said:

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Dang the WWR train has left the station

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Atlas boys still pumping it, don't be surprised to see $7 soon.

Get your CC sells ready boys! Feb 7.50's?

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This is exhiliarating

Are we trimming at all?

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I don't think anyone is trimming. Some might be buying and selling within the channel but I'm not risking it. Most are just selling cc's on the upticks to capture premium with the plan to roll them if it continues to climb.

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I am not selling any shares. Just working calls and puts like a rib.

Anyone have a thought n $CLOV?

I trimmed a bit. The $7.50 CCs haven't moved as much as I'd have thought. I'm at a point now where I this rockets I'll be pumped or it it goes back to $5 I'll enjoy buying back those same shares. I might be doing this wrong but that was my thought process.

FJ43 said:

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Anyone have a thought n $CLOV?

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I've set several alerts for when it gets down to sub 12. I may start nibbling then.

Here is what Elite thinks:

FJ43 said:

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I trimmed $PLTR into the run up on the Feb 30c and just rebought back what I sold here.

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You may have ticked the intraday top and bottom. Well played.

CX having another good day.

Round 2 of CIDM volume

CrazyRichAggie said:

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Cloud said:

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Are you sure you have enough shares to cover the number of contracts? (contracts X 100)

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Yep, I have 800 shares. I even tried 1 contract and got the same message. If I select margin it will let me execute the trade.

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Are the shares that you own "marginable". By that I mean are labeled as margin in your account. If so, it might also be that you can only sell calls that are also in that margin type account

I once had shares I owned that were in a "cash" account and then sold calls against them in a "margin" account. Even though these were the same account, they viewed the position differently since one was cash and the other was margin

I had to get my rep to "move the shares " from the cash to margin designation so that I was not being charged a margin balance against what they viewed as naked calls

CrazyRichAggie said:

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Cloud said:

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Are you sure you have enough shares to cover the number of contracts? (contracts X 100)

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Yep, I have 800 shares. I even tried 1 contract and got the same message. If I select margin it will let me execute the trade.

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If your shares are held in margin, you have to select margin in the drop down. You're still selling against those held shares, it's just because they are held as margin. That's been my experience with fidelity, I would call to confirm though just to give you peace of mind.

leoj said:

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FJ43 said:

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I trimmed $PLTR into the run up on the Feb 30c and just rebought back what I sold here.

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You may have ticked the intraday top and bottom. Well played.

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Maybe this blind squirrel found a nut.